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Financial Advisors in the UK
SN Financial Solutions
Sheffield, South Yorkshire, Yorkshire and the Humber, S6 1HY
Hi, my name is Stuart Newsome, I am the principal of SN Financial Solutions and a qualified Independent Financial Adviser, who also specialises in providing Mortgage Advice. I truly believe getting
Central Financial Planning
Bromsgrove, Worcestershire, West Midlands, B60 2EW
Central Financial Planning Ltd are multi award winning fee based financial planners and wealth managers. We specialise in helping current and retired company directors and business owners to plan and
The Ross Partnership
For most people, engaging an Independent Financial Adviser, particularly for pensions and investments, is likely to be the start of a long term relationship and as such it is important for both
Chapters Financial
Guildford, Surrey, South East England, GU1 3JF
Business managers of large or small enterprises are aware of the benefits of making the most of the tangible business assets at their disposal. Company money can be put to work equally hard. When
Clayden Financial
Ipswich, Suffolk, East England, IP8 3LY
Clayden Financial provides a comprehensive package of financial and insurance products to businesses of all sizes. Impartial, expert advice is given on products from pensions to private medical
D.P's Financial Advice & Services
Nuneaton, Warwickshire, West Midlands, CV11 4AR
Welcome to the DP's Financial Advice And Services presence on the Internet & World Wide Web. As professional Independent Financial Advisers, we specialise in giving advice to clients on a wide range
Cantab Asset Management
Cambridge, Cambridgeshire, East England, CB2 1NT
In Europe, the primary focus continues to be the Greek debt talks. By spending money from the public sector pension fund and local government funds, the Greek government has so far managed to avoid
Astute Wealth Management
Longridge, Lancashire, North West England, PR3 3JP
We are an independent financial advisory company based in the Ribble Valley/Longridge, near Preston. We provide financial planning that can cover every aspect of individual lifestyle or specific areas
Bankfield
Leicester, Leicestershire, East Midlands, LE1 1TQ
Having worked hard all of your life to build your wealth and support your family, how does it feel that 40% of your estate could go to the taxman upon your death? How long could you survive if you
European Financial Planning
Worcester, Worcestershire, West Midlands, WR1 3QQ
As an AIM traded company incorporated in Guernsey, European Wealth Group Limited (‘EWG') is subject to the UK City Code on Takeovers and Mergers legislation. Incorporated on 15 September 2004
Financial Choices IFA
Whitstable, Kent, South East England, CT5 1FW
Financial Choices IFA Limited are independent Financial Advisers based in Whitstable, Kent, trading under the name of Financial Choices. We provide impartial and independent advice on Life Assurance,
Barber Lynda Financial Planning
Lynda Barber Independent Financial Planning Ltd is committed to delivering a high quality financial planning service by developing and maintaining long term relationships with personal and corporate
Berry Financial Planning
Blackpool, Lancashire, North West England, FY2 9HN
Berry Financial Planning has been established to provide a structured and clear approach to financial planning for both corporate and private clients. We provide a bespoke service that is designed to
My Financial Services
We believe that professional financial advice is at the core of building a more certain financial future for our clients. We have a team of highly qualified advisers with access to the most up to date
Female Finance
Liverpool, Merseyside, North West England, L2 5RH
Cilla Milford is the Senior Consultant with Female Finance, which was established 10 years ago in response to the need for people who preferred to take financial advice from a qualified independent
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Do you wonder what a financial advisor does for a living? Maybe you need the professional assistance and help of a financial advisor? We can help you choose the right financial advisor and specialist in that field by sharing more about what a financial advisor does and how they can help you. Stay tuned to learn more.
Why Choose a Financial Advisor?
In a nutshell, a financial advisor is this type of specialist who will advise you on your financial endeavours and affairs, the investments you want to make, some good financial opportunities for you, the course of action you may take for your best. Naturally, people are not used to sharing a lot about our current financial situation and our plans. However, It is literary the job of the financial advisor to know about your plans, aspirations, financial past and help you explore a window of good opportunities. This article will provide you with an overview of what a financial advisor actually does and how the right financial advisor will help you choose the appropriate investments for you. With the help of such information, you will be able to choose the right financial advisor for you. At the end of the day, a financial advisor is someone you have to fully trust and rely on. Therefore, make sure to follow our tips and recommendations and also go with your guts, when choosing a financial advisor.
What does a financial advisor do?
Think of your financial advisor as a planning partner. In order to accomplish your financial goals, you can benefit a lot from the professional help of a financial advisor. A skilled professional with the right licenses and qualification if someone who will help you make all good plans become a reality.
A financial advisor can be competent and help you in different aspects, including the amount of money you should save in order to finance your plans and goals, the types of accounts that are best for you, the kinds of insurance that is best for you, estate and tax planning, etc. Part of the job of a financial advisor is also to help you understand how you can achieve your future financial goals. A financial advisor will have enough understanding, knowledge, and expertise in financial topics and be able to help you understand them too. Such financial topics a financial advisor will most likely discuss with you include budgeting, saving, complex investment, insurance, tax matters, etc.
However, the first thing a financial advisor will do for you when you start working together is they learning more about your financial health and current financial situation. It is impossible to make a solid plan for a financial future if you don’t know where you stand at the moment. Therefore, a financial advisor will start with this aspect, typically learning more about your financial health through a detailed questionnaire they will give you to fill in. Make sure to provide honest and detailed answers, as this will help the financial advisor understand all important information about you and your financial health.
Financial Advisor and the Financial Questionnaire
The way you will fill in the questionnaire you are given by the financial advisor will determine how well and detailed they will be informed of your assets, liabilities, income, expenses. This questionnaire will typically also cover topics such as future pensions, income sources, project retirement needs, long-term financial obligations if any. You should also let the financial advisor know more about your investment preferences. This initial stage of assessment of your financial plans and current situation also includes other aspects including insurance issues, your tax situation, your current estate plan, other possible professionals you are involved with on your planning team, including lawyers, solicitors, accountants, etc.
Financial Advisor and a Financial Plan
Once the financial advisor collects, assesses, and reviews all the details and information you provide them with, they will be ready to create a comprehensive financial plan for you that will pretty much turn into the roadmap of your financial future and provide you with guidelines. Such a financial plan will summarize your current financial situation and all key details you have provided and will also include all the financial goals you and your financial advisor have already discussed and planned. Such a document will cover a few important topics, including your risk tolerance, estate-planning details, family situation, long-term care risk, other possible present and future financial issues. Next, the financial advisor will continue the financial plan by mentioning all potential best- and worst-case retirement scenarios and the needed steps that have to be taken for preventing the worst-case scenarios.
Financial Advisor Plans Action Steps
A financial advisor is a professional, who is involved in not only helping you with investments but also dissecting and improving every aspect of your financial life and situation. In fact, it is not even necessary to hire a financial advisor in order to get professional advice on investments. However, most people will opt for the help of a financial advisor mainly because of investments. In this case, the job of the financial advisor is to set an asset allocation, keeping in mind your risk tolerance and risk capacity. What an asset allocation determines is how percentages of your total financial portfolio will be allocated towards different asset classes. Additionally, the financial advisor will adjust your asset allocation based on your current age and how long you have before retirement. The financial advisor will work in accordance with the law and regulations in the field and also with their own or their company’s investment policy when they buy and sell financial assets.
Financial Advisor and Investments
It is important for you to understand what and why your financial advisor is recommending. Don’t follow their recommendations blindly, always make sure to ask questions, if you are concerned or not sure you understand something. Also, keep a close eye on the fees you are paying to your financial advisor. Ask your financial advisor why they recommend an investment, also if they will get a commission by selling you this investment. Pay attention to the investment philosophy of the financial advisor’s firm too.
Why choose a financial advisor?What does a financial advisor do?
Financial advisor and the financial questionnaire
Financial advisor and a financial plan
Financial advisor plans action steps
Financial advisor and investments